Sigma Planning Corp Sells 29,171 Shares of Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL)

Sigma Planning Corp cut its position in shares of Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL) by 72.5% in the fourth quarter, Holdings Channel reports. The institutional investor owned 11,069 shares of the company’s stock after selling 29,171 shares during the period. Sigma Planning Corp’s holdings in Fidelity MSCI Real Estate Index ETF were worth $299,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the company. Life Planning Partners Inc grew its stake in shares of Fidelity MSCI Real Estate Index ETF by 2,604.0% during the 4th quarter. Life Planning Partners Inc now owns 1,158,005 shares of the company’s stock worth $31,289,000 after acquiring an additional 1,115,180 shares in the last quarter. Heck Capital Advisors LLC bought a new position in Fidelity MSCI Real Estate Index ETF in the fourth quarter valued at $2,440,000. Nwam LLC bought a new position in Fidelity MSCI Real Estate Index ETF in the third quarter valued at $1,934,000. Black Diamond Financial LLC grew its position in Fidelity MSCI Real Estate Index ETF by 10.9% in the third quarter. Black Diamond Financial LLC now owns 481,947 shares of the company’s stock valued at $14,253,000 after purchasing an additional 47,474 shares in the last quarter. Finally, Beckerman Institutional LLC bought a new position in Fidelity MSCI Real Estate Index ETF in the third quarter valued at $877,000.

Fidelity MSCI Real Estate Index ETF Price Performance

Shares of NYSEARCA FREL opened at $28.42 on Friday. The stock has a market capitalization of $1.04 billion, a price-to-earnings ratio of 33.99 and a beta of 1.07. The business has a 50-day moving average of $27.33 and a 200-day moving average of $28.30. Fidelity MSCI Real Estate Index ETF has a fifty-two week low of $23.61 and a fifty-two week high of $30.07.

Fidelity MSCI Real Estate Index ETF Profile

The Fidelity MSCI Real Estate Index ETF (FREL) is an exchange-traded fund that is based on the MSCI US IMI\u002FReal Estate 25-25 index. The fund tracks a cap-weighted index of US REIT and real estate companies across the entire market-cap spectrum. FREL was launched on Feb 2, 2015 and is managed by Fidelity.